|
|
Article: Malls adjusting to new retail reality.(Up Front)(Toys 'R' Us Inc. closing its Imaginarium stores)
- Article from:
- Los Angeles Business Journal
- Article date:
- December 22, 2003
- Author:
CopyrightCOPYRIGHT 2003 CBJ, L.P. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
|
The new owners of the Brown Center in Tarzana barely had time to toast the close of escrow when Toys 'R' Us Inc. announced that it would pull the plug on 36 Imaginarium stores--a move that drains one of the most prominent anchors from the complex.
Imaginarium is one of at least three national and regional chains that have closed or consolidated in the past year or so, effectively shuttering about two dozen store units mostly in smaller shopping centers around the San Fernando Valley.
While center operators insist these closures are part and parcel of a continually churning retail landscape, there is increasing evidence that the recent events are a sign ...